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Excess capacity is not found under:

A. Monopoly

B. Monopolistic competition

C. Perfect competition

D. Oligopoly

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  1. Increasing returns is not caused by:
  2. Chamberline introduces the concept of:
  3. In monopolistic competition, the firm take advantage due to customers:
  4. Competitors in monopolistic competition have full control over:
  5. Economic problems arise because:
  6. If a ten percent increase in price causes a ten percent reduction in quantity demanded, elasticity of…
  7. In cournot model, during the process of adjustment, the number of firms:
  8. If the demand curve is vertical then its slope is:
  9. In case of straight-line isoquant, the factors are not substituted because they are each others:
  10. In the long-run competitive equilibrium, the theory predicts that:
  11. The total utility (TU) curve is:
  12. Production function relates:
  13. Opportunity costs are also known as:
  14. Identify the coefficient of price-elasticity of demand when the percentage increase in the quantity…
  15. The cost of one thing in terms of the alternative given up is known as:
  16. Which one of the following has been the most influential work of F.H.Knight?
  17. The modern cost curves are based upon the idea of:
  18. A high value of cross-elasticity indicates that the two commodities are:
  19. Price is measured in:
  20. Elasticity (E) expressed by the term, 8 >E>1, is:
  21. Entry of new firms into a competitive market will shift the supply curve of the:
  22. In monopolistic competition, the firm compete on the basis of:
  23. The demand curve of a firm in monopolistic competition is:
  24. An effective price ceiling usually results in:
  25. Who developed the concept of Representative Firm?
  26. An increase in the supply of a commodity is caused by:
  27. AR curve under perfect competition:
  28. Under pure monopoly, there will be:
  29. The supply curve for the short-run competitive firm is the same as:
  30. The cost of production is faced by a: